News Highlights: Top Company News of the Day
Juul Cuts Valuation to $10 Billion
The e-cigarette maker has dropped its valuation to about $10
billion, down from $38 billion two years ago when tobacco giant
Altria took a 35% stake, the company told employees on
U.S. Transportation Officials, Airlines Spar With CDC Over Quarantines for International Flights
U.S. officials and airlines are at odds over whether people who
test negative for coronavirus before they travel should still have
to quarantine when they arrive in the U.S., according to people
familiar with the matter
State Department Rules Two Americans Can Be Extradited to Japan in Ghosn Case
A federal judge quickly stayed the extradition of Ex-Green Beret
Michael Taylor and son Peter alleged to have helped Carlos Ghosn
escape Japan for Lebanon.
Moderna Signs Covid-19 Vaccine Supply Contract With Japan
Moderna Inc. signed a contract with Japan's government to supply
50 million doses of its Covid-19 vaccine and said it is in advanced
talks with the European Union to expand vaccine supply there.
Exxon to Slash Up to 15% of Global Workforce, Including 1,900 Jobs in U.S.
The struggling oil giant said it expects to make the cuts over
the next year as the coronavirus pandemic continues to batter the
Kraft Heinz Draws Customers Back to Familiar Brands
Higher grocery demand during the coronavirus pandemic is setting
the company up to exceed sales expectations for next year.
VW Bounces Back but Warns About Infections in Europe and U.S.
Volkswagen, the world's biggest car maker by sales, became the
latest to report a higher-than-expected profit while warning that
rising coronavirus cases and fresh lockdowns were threatening the
Marvell Announces $10 Billion Deal in Latest Chip Merger
The deal marks the second major semiconductor acquisition
announcement this week.
Dunkin' Closes Stores as Deal Talks Continue
The coronavirus pandemic has hit breakfast chains hard,
prompting strategy changes.
Shopify Could Own Black Friday
Amid the Covid-accelerated shift from brick and mortar stores to
online shopping, cloud commerce platform Shopify continues to clean
(END) Dow Jones Newswires
October 29, 2020 15:15 ET (19:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.